Launching a Project for Innovative Agent Network Solutions in EthiopiaAfrica Newsroom2023-05-12On 27 April 2023, the United Nations Capital Development Fund (UNCDF), with the support of the Bill & Melinda Gates Foundation, launched the Cash-in/Cash-Out (CICO) project in Addis Ababa, Ethiopia. The launch brought together key stakeholders from Ethiopia's banking sector, MNOs, Fintechs, MFIs, development agencies and other digital financial services ecosystem players. The CICO project aims to strengthen Cash-in/Cash-out (CICO) networks in Ethiopia. This includes expanding access to financial services, promoting financial literacy, and addressing cultural and social barriers that prevent women and youth from accessing financial services." They highlighted challenges like limited infrastructure, lack of awareness and trust in digital financial services, limited technical capacity, and inadequate regulatory frameworks.

Source: Ethiopian News May 12, 2023 22:38 UTC